JP Morgan – Long Term Capital Market Assumptions, 2026

The document represents the 30th edition of long-term capital market forecasts from J.

P. Morgan Asset Management. The main theme is to provide return and risk forecasts for over 200 assets and strategies in 20 base currencies over a 10-15 year period. Key takeaways include the impact of technological progress on short-term profitability and long-term productivity, the need to consider inflation, interest rate shocks, and economic shocks, and opportunities for balanced global portfolios and active asset management.